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T O P I C R E V I E W

pcoventry

Posted - 05 May 2012 : 17:31:27 I put my phone bill on my SOA which is £35 a month but the bill is overdue. Can I pay it or can a relative pay it for me? I am worried I will be cut off. I need it shortly to keep me entertained in Hospital for 3 weeks!

Thanks

15 L A T E S T R E P L I E S (Newest First)

Niobe

Posted - 21 May 2012 : 20:57:09 HSBC and First Direct are famous for closing accounts - even if they aren't creditors.

Follow through Make your dreams come true Don't give up the fight You will be alright 'Cause there's no one like you in the universe

Posted - 21 May 2012 : 20:13:44 Because they are linked to HSBC who are one of the worst banks out there. When I went into my IVA Natwest were brilliant but I can't see First Direct being like that! They trawl the insolvency register and close the account of people who are BR or in an IVA.

Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.

Last IPA payment made on 28th June 2010 and I'm now looking forward to getting married in September 2012 - I'm proof that you can go BR and come out the other side.

Niobe

Posted - 21 May 2012 : 18:44:13 I do disagree - if you look at the sister forum you will see several posters on there who are excellent in dealing with defaults, credit scores etc and will tell you that the potential lender will apply their own criteria.

For example, when I still had a good credit rating I applied for a full Nationwide account and was turned down despite much arguing with them - I went across the road to Barclays and was given a full account with cheque book etc and a credit card as I was at the top of their lending criteria!

Follow through Make your dreams come true Don't give up the fight You will be alright 'Cause there's no one like you in the universe

Skippy

Posted - 21 May 2012 : 18:35:33 Credit score don't necessarily make any difference whatsoever as my many creditors have their own criteria. In the past I have applied for accounts and been turned down because I didn't meet the lender's criteria even though I had no problems with my credit file.

Only when the last tree has died, the last river has been poisoned and the last fish has been caught will we realise that we cannot eat money.

Last IPA payment made on 28th June 2010 and I'm now looking forward to getting married in September 2012 - I'm proof that you can go BR and come out the other side.

debtinfo

Posted - 21 May 2012 : 18:22:49

quote:Originally posted by pcoventry

Thanks

Im hoping that he keeps it - it surely can't be an asset of mine if I don't own it and have never paid a penny towards it?

Generally as a fall back position it would be considered that the person who bought something is the owner. But i would disagree that it could never be classed as yours because you did not pay for it. Consider this, if a person turned up and told you he was giving you something and never wanted it back. Would you not then consider the item to be yours despite never paying for it?

Of course proving that something has been given from one person to the other is much more difficult than proving who originally bought it

Or they used to. But they don't get the entire file to look at like we can. That would be against DPA I am sure. They just get a decision based on what a computer calculates.

year 2029

Posted - 21 May 2012 : 18:07:27 So what do the lenders look at??

pcoventry

Posted - 21 May 2012 : 17:57:45

quote:Originally posted by Niobe

pcoventry - scores on your credit record mean absolutely nothing, it's what the lenders look at that counts.

Follow through Make your dreams come true Don't give up the fight You will be alright 'Cause there's no one like you in the universe

Sorry but I disagree. Im very hot on credit scoring!

It's also down to the amount of credit applied for over the last 6 month period. If you have defaults etc then you won't have a high score so I disagree a high score it through careful managing of credit. The scares range from 300-1001 the higher the better. Often a score can tell a lender what they need to know.

If you disagree that's fine. I've been monitoring my credit files for years hence why I knew where I was heading regarding BR. I am not here to challenge your knowledge and I ask you to respect mine. Because if mine is wrong then so is the working guidelines of Experian to which I have access.